Maruti investors get dividend of Rs 80 for every share

The company has planned to give dividend till August 28. However, the dividend proposal will now be presented in the annual meeting of the shareholders, from which it will be paid only after approval.

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New Delhi: Good news for more than 3 lakh investors, nearly half the country's largest car maker Maruti Suzuki. These investors will get a dividend of Rs 80 / i.e. a dividend on every share of Rs 5 face value.

The total shareholder of the company is about 2.71 lakh small investors, i.e. these investors have shares of two lakh rupees or less. The company has planned to give dividend till August 28. However, the proposal of dividend will be presented in the annual meeting of the shareholders, from which it will be paid only after approval. Well this is a formal process in which there should not be any problem. Keep in mind that the company had given dividend at the rate of 75 rupees in 2016-17.

About half of the domestic car market, Maruti Suzuki announced its annual results and announced the final dividend for the business year 2017-18. According to the company, the profits of Rs 7,721 crore during the business year ended on March 31, 2017-18. This is about five percent more than the previous year. The company earned more than Rs 78 thousand crore from the sale, which is 17 percent more than the previous year. During the period, the company sold 17.79 lakh vehicles in the domestic and overseas market, which is showing an increase of more than 13 per cent compared to the previous year.

Now the company expects its sales to grow double in the current business year. Although this is a challenging goal, but he feels that there will not be much trouble. On the other hand, RC Bhargava, chairman of the company, believes that some other challenges are the rising prices of petrol and diesel and the cost of raw material. By the way, Bhargava is saying that the price of petrol and diesel is not expected to affect the demand. On the other hand, when they were asked whether they would increase the price of the car due to the rising prices of raw materials, they had to say that the price of raw material can be increased to a limit, but this limit will be , He did not give a clear answer.

The company also announced to create two special funds on this occasion. The employees of the first fund will get the benefit while research through second fund will be promoted. Both funds will be credited one per cent of the profits. On this basis, in 2018-19, a fund of 77-77 crore will be made. Through special funds, employees will get various services, such as interest on home loans.